Two looming election cycles are behind Gov. Andrew Cuomo's decision not to support a fresh tax on the state's wealthiest residents. Since Cuomo became governor in 2011, the state income tax rate has declined for every income level, a talking point he wants to preserve for the 2018 gubernatorial race and perhaps for the presidential race in 2020. [The Insider]

Plus: Cuomo has suggested delaying the state budget, which is due April 1, until federal policies under the Trump administration become clearer. [The Wall Street Journal]

Also: The governor plans to drive a restored 1932 Packard that Franklin Roosevelt used when he was New York governor. [New York Post]

Judge extends block on Crown Heights shelter

A Brooklyn judge extended an injunction against the opening of a new homeless shelter in Crown Heights. The Bergen Street location for up to 104 older men would have been the first under Mayor Bill de Blasio's plan to open 90 new shelters over the next five years. Local opponents say Crown Heights has too many shelters already. [WNYC]

Bridgegate sentencing today

Sentencing is expected today for Bridget Anne Kelly, former deputy chief of staff for New Jersey Gov. Chris Christie, and Bill Baroni, a former deputy director of the Port Authority of New York and New Jersey, for their role in closing lanes on the George Washington Bridge in 2013. Both are seeking probation instead of prison. [The New York Times]

BlackRock revamping key equities business

BlackRock is laying off dozens of employees and shifting much of their work to computer models as part of a newly announced revamp of the Manhattan-based company's actively managed equities business. That branch has long lagged competitors in performance. BlackRock, the world's largest money manager, will also lower investment prices for some equity funds and merge others. [The Wall Street Journal]

Social services agency ending childhood program

Public Health Solutions, one of the city's largest social services agencies, is expected to lay off 80 employees in every borough but Staten Island before June 30 as it winds down a program for infants with developmental disabilities or delays. The nonprofit’s board said the initiative "is no longer financially viable." [Crain’s Health Pulse]

Council transit chairman backs public funds for Citi Bike

Citi Bike needs public funding to continue its expansion into every part of New York, according to Ydanis Rodriguez, chairman of the City Council's transportation committee, in a Crain’s op-ed. The city should add public funding to the privately backed system, starting with the budget for the fiscal year beginning in July. [Crain’s New York Business]

NBC to broadcast Olympics live in all time zones

NBC announced that it will broadcast the Winter Olympics next year live in all time zones. The first-time move for the Games in Pyeongchang, South Korea, is meant to address the growing number of people who access event results through social media and internet streams, including NBC's own live online coverage. [The New York Times]

MTA bags trash can experiment

The Metropolitan Transportation Authority is ending a pilot program in which the agency removed trash cans from dozens of subway stations over the past six years. The concept was that riders would take their trash with them rather than leave it on platforms to attract rats. State audits found no benefit to the program. [NY 1]

Also: Producers of the Broadway musical Transit are giving those who buy tickets before Friday for performances through April 30 a seven-day, unlimited MetroCard. [The Wall Street Journal]

Garage uses robotics to make space

Robotics let the Automotion garage on East 24th Street in Manhattan accommodate two to three times as many vehicles as a conventional garage with the same space, according to the Long Island-based company that owns it. The location is one of the neighborhood's pricier carparks, however, with a $592 monthly rate. [Crain’s New York Business]

Times Square to host miniworld

A $40 million miniature replication of the world will open to the public April 4 in a 49,000-square-foot space at 216 W. 44th St. Called Gulliver's Gate, the exhibit is the brainchild of Eiran Gazit, who spent years gathering investors and artists for it. Brooklyn Model Works built the New York portion, which includes street vendors and moving trains. [Crain’s New York Business]

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